Homework Answers
1 Answer : $2,900
Calculations:
| Allowance for Bad debts | |||
| Beg. Bal. | $ 650 | ||
| Adjustment [45,000 x 5%] | $ 2,250 | ||
| End. Bal. | $ 2,900 | ||
2 Answer : $5,800
Calculations:
| Allowance for Bad debts | |||
| Beg. Bal. | $ 200 | ||
| Future write-off's | $ 6,000 | ||
| End. Bal. | $ 5,800 | ||
3 Answer : $6,200
Calculation:
| Allowance for Bad debts | |||
| Beg. Bal | $ 200 | ||
| Future write-off's | $ 6,000 | ||
| $ 6,200 | |||
4 Answer:
| Dr. | Bad debts expense |
| Cr. | Allowance for bad debts |
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